WS1587: Understanding Build To Rent Communities | Wagner Nolasco

Buying properties as long as it cash flows is one of the philosophies of our guest today – Wagner Nolasco. In this episode, Wagner helps us understand and explore the world of build-to-rent communities (BTR). He sheds light on how these communities operate, the benefits they offer, and how individuals can get involved.Listen in as he also discusses the process of building and selling land for rental purposes or multifamily syndication. He even shares his insights into what an individual can do with the land they've built on and whether to use it as a turnkey rental or sell it to a multifamily syndicator. Tune in now and hear the best advice he can give so you can own multi-million worth of properties as well!Key Points From This Episode: Wagner’s background and how he got started in real estate.How many lots does Wagner have land banked right now?The entitlement process and why is it one of the most painful things you go through.Why you’re only as good as your last project.How much does the entitlement cost per lot in Build To Rent (BTR)?Wagner’s philosophy of weekly pay for contractors and the benefits of building more for the companies.How loyalty and subcontractors saved Wagner and his business during COVID?The process of building on land and creating a valuable asset that can be sold or rented out.The advantages and disadvantages of using a building as a turnkey rental property and how to price and manage it effectively.The process of selling land to a multifamily syndicator, its benefits, and how to navigate its complexities.How does having a clear exit strategy in place can help investors make informed decisions and achieve their long-term goals?The best advice Wagner can give with the market’s state right now.Tweetables:“Loyalty is definitely something you want to carry over in the building industry because yAfter interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/